Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-09-11Strategy

Brazil·NeutralPeru·Overweight

Morgan Stanley·2026-09-11Sector

STMN.SAFX.DEDEMANT.CODIAS.MIFRE.DEPHG.ASQGEN.USTECN.SFresenius·Top pickCarl Zeiss Meditec·Avoid

J.P. Morgan·2026-09-11Sector

2318.HK032830.KS2628.HKPing An Insurance·Top pick

Nomura·2026-09-11Rates

USD/CNY fix: Nomura model projection2026-09-11

Goldman Sachs·2026-09-11Sector

LLY NVO

Bernstein·2026-09-11Sector

ADVANTEST7735.TTOKYOELASML.AS

Nomura·2026-09-11Macro

Fed funds rate: hikeSep 2026 FOMC

Morgan Stanley·2026-09-11Sector

LR.PAATCO-A.STENR.DEEPI-A.STKGX.DEKNEBV.HELIGHT.ASRXL.PAWRT1V.HELegrand·Top pick

Morgan Stanley·2026-09-11Macro

Bernstein·2026-09-11Sector

CCJKAP.LI

Goldman Sachs·2026-09-11Sector

300866.SZ603486.SH688169.SH689009.SH

Goldman Sachs·2026-09-11Rates

Italian BTPs·Underweight10y OAT-Bund spread: year-end forecast widenedYE 202610y BTP-Bund spread: year-end forecast widenedYE 202610y Bonos-Bund spread: year-end forecast widenedYE 2026

Morgan Stanley·2026-09-11Sector

5991.T7282.T7988.T3116.T5108.T593A.T6674.T6902.T7259.T7313.TJapan Auto Parts·NeutralJapan Tires·Neutral

Goldman Sachs·2026-09-11Sector

002594.SZBYD9863.HKChina NEV domestic retail sales: fellAug 2026

Nomura·2026-09-11Macro

Fed funds rate: hikeSep 2026 FOMC

Goldman Sachs·2026-09-11Sector

LNG.USVG.USAR.USCVE.USGLNG.USNUE PR

Morgan Stanley·2026-09-11Sector

AIR.PABA.LRHM.DERR.LRolls-Royce·Top pickEuropean Aerospace & Defence·Overweight

J.P. Morgan·2026-09-11Sector

CIEN NTAPCALX.USHPQ.USSANM.USSMTC.US

Goldman Sachs·2026-09-11Sector

IMAX.USLYV.USSTUB.USTKO.USLive entertainment·Overweight

Goldman Sachs·2026-09-11Sector

AMD AVGO KLAC LRCX NVDA TSM

Research: Broker notes on sectors, macro, rates and strategy

Emerging Markets Equity Strategy: 2Q26 Earnings Dissector: Tech Still Leads on Earnings; Strength Broadens to Cyclicals

Back to School: Operating with Caution

Asia Insurance Strategy: IFRS-18 puts Asian life insurers’ operating profit in focus

USD CNY fix model: Projection: 6.7193

GS Healthcare: Takeaways from Washington, D.C. Trip

Japan and EU Semiconductors: Japan EU Semi Taiwan Import Tracker (Aug 26): SPE import +10% YoY

Policy Watch: September FOMC Preview – We now expect the Fed to hike

Capital Goods: Industrials CEOs Unplugged Conference – All roads lead back to data centers

US Economics Weekly: Charting AI's effects, from capex to consumption

Americas Energy & Transition Americas Uranium & Nuclear: Are CCJ & KAP uranium stocks or AI stocks?

China Consumer Durables: IFA takeaways: Europe increasingly a focus, more comprehensive products under stronger brands

EURO AREA SOVEREIGN CREDIT MONITOR: In Choppy Waters

Auto Parts & Tires: Focus on Differentiation Amid Industry Uncertainty

CHINA PASSENGER VEHICLE MONTHLY CHARTBOOK: Aug 2026-Strong export growth holds but domestic retail weaker, BYD’s price hike from facelifts

US Economic Weekly: Take a hike

Energy, Utilities & Mining Pulse: Investors Asking: Amid the Recent Rally, How Are Mid-Cycle Commodity Conversations Changing?

Industrial CEOs Unplugged 2026: A&D Key Takeaways

Hardware & Networking: 2026 Rising Tech Leaders Forum Takeaways

Entertainment Positive Tone at Communacopia + Technology Conference

Americas Technology: Semiconductors: 2026 Communacopia + Technology Conference Wrap